Comparative financial statements for Weaver Company follow:?

During 2015, Weaver sold some equipment for $13 that had cost $43 and on which there was accumulated depreciation of $24. In addition, the company sold long-term investments for $38 that had cost $29 when purchased several years ago. A cash dividend was paid during 2015 and the company repurchased $79 of its own stock. Weaver did not retire any bonds during 2015.?

REQUIRED:

1. Using the direct method, adjust the companys income statement for 2015 to a cash basis. (Adjustment amounts that are to be deducted should be indicated with a minus sign.)

2. Using the information obtained in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for 2015. (Cash outflows and amounts to be deducted should be indicated with a minus sign.)